EV Sales Expected to Surpass 25% Globally in 2025 Amid Market Expansion

Electric vehicle (EV) adoption is accelerating globally, with more than one in four cars sold worldwide expected to be electric in 2025, according to the International Energy Agency (IEA). China leads this surge, accounting for nearly half of all EV sales in 2024, while emerging markets in Asia and Latin America have seen rapid growth. Despite growth slowing in Europe due to subsidy rollbacks and policy changes, and moderate increases in the US, global EV sales are projected to surpass 20 million in 2025. Automakers are responding with ambitious EV plans; Toyota aims to launch solid-state battery EVs by 2027 that offer up to 745 miles per charge and fast charging under 10 minutes, potentially revolutionizing EV range and convenience. BMW is committed to having electric cars represent over 50% of its sales by 2030, planning EV models across all segments, including smaller hatchbacks and full-size SUVs. Meanwhile, Mercedes-AMG is developing an all-electric super sedan based on a new platform, signaling a shift toward powerful electric performance vehicles.